4 ms·
Car is definitely not an asset. I will consider it as a liability. Price of car drop as soon as it is out of dealership.
by mlboss 5y ago
Car is definitely not an asset. I will consider it as a liability. Price of car drop as soon as it is out of dealership.
- ptr 5y agoThat’s the definition of a deprecating asset. The loan you took out to buy the car is the liability.